Sept 7, 2017: OEMServices, a leader in component, logistic and trading services for airlines and Original Equipment Manufacturers (OEMs) has signed an agreement with Thompson Robbins Group, a leader of complete Ground Support Equipment (GSE), Airport Vehicles, and Aircraft Component solutions headquartered in Singapore to work together to explore expansion opportunities in the Asia Pacific region in the field of components services for the airline industry.
According to the International Air Transport Association (IATA), the aviation market is likely to continue to shift East over the course of the next two decades where 50 percent of the top 20 traffic flows in the world will involve the Asia Pacific region.
“We are truly excited about the prospect of working with a prestigious outfit like OEMServices which are backed by blue chip shareholders and with over 40 years of in-depth experience in supporting airlines by integrating the capabilities, assets and expertise of multiple OEMs”, Chris Chia, president of the Thompson Robbins Group noted.
The projected surge in air travel is due in part to Asia’s increasing population, which is expected to outpace that of other regions in the future years. In particular, forecasts indicate that more than 65 percent of the world’s middle class will call Asia home by 2035. Air traffic is also expected to more than double in the region with the ongoing GDP development – making Asia Pacific an important market for future aviation growth. However, the aviation value chain and infrastructure are not keeping pace with this growth and this is where the opportunity lies.
Didier Granger, President and CEO of OEMServices, notes that “To capitalize on the opportunities, there remains much scope for partnerships that offer expertise in all aspects of the aviation value chain and operational customer-proximity in key markets for a deeper understanding of local challenges. We believe that Asia Pacific is likely to be a key centre of growth for the aviation industry and as such, we seek to firmly establish our presence and leadership in such a key market.”